Moment of truth for the WTI

Good morning guys. Yesterday I suggested a correction from 70.8 to 69.5, which would have been excellent for increasing long positions. This didn't happen, demonstrating the great strength of this up trend. On the contrary, the prices have "pierced" the previous maximum, but as can be seen from the graph, if we look at the prices from the "dynamic" point of view we are at the re-test of the resistance n ° 1 which currently runs at 74 $, while the resistance n ° 2 transits to 75 $. This is the moment of truth: will the wti succeed in crossing this two levels? Oscillators have reached very high levels, so it isn't advisable to enter these prices long. We will have to wait for the next correction, in order to evaluate a new long entry. Stay tuned and good job.

تعليق:

This is the situation in H1